USD/JPY intrady: Watch 107.90
|EUR/USD
Aim @ 1.1150.
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Pivot (invalidation): 1.1025
Our preference
Long positions above 1.1025 with targets at 1.1100 & 1.1150 in extension.
Alternative scenario
Below 1.1025 look for further downside with 1.0990 & 1.0925 as targets.
Comment
The RSI is bullish and calls for further upside.
GBP/USD
The upside prevails.
Pivot (invalidation): 1.2190
Our preference
Long positions above 1.2190 with targets at 1.2385 & 1.2465 in extension.
Alternative scenario
Below 1.2190 look for further downside with 1.2120 & 1.2050 as targets.
Comment
The break above 1.2190 is a positive signal that has opened a path to 1.2385.
USD/JPY
Watch 107.90.
Pivot (invalidation): 109.00
Our preference
Short positions below 109.00 with targets at 108.15 & 107.90 in extension.
Alternative scenario
Above 109.00 look for further upside with 109.35 & 109.70 as targets.
Comment
A break below 108.15 would trigger a drop towards 107.90.
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